The people drafting Iraq’s 2027 budget let their working price for a barrel of oil surface in the Iraqi press: somewhere between $50 and $70, while the barrel trades above $100. A government that lives on oil does not price its only product at half the market unless it expects the world that made the barrel expensive to be gone…Kuwait wrote its budget year on a $57 barrel…The budget that carries Iraq’s barrel also has to carry the dinar’s value, and it reaches parliament October 15, two weeks after the September 30 weapons deadline…Everyone in this story has now shown their number except the one bank that owns the only number that matters. Reset Intelligence
